Auto Financing - i
The total financing package for your vehicle
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Speedy Approval
Easy online payment
For new, used & recond vehicles
HOW DOES IT WORK
HOW DOES IT WORK
1. Check your eligibility
Find out if this account is the right match for you, then calculate your monthly instalment.
Individuals aged between 21 and 70 years old
Sole proprietorship & partnership
Private Limited & Public Listed Companies
2. Shariah Concept applicable
This product is based on Shariah Contract of Al-Ijarah Thumma Al-Bai’ (AITAB). AITAB refers to a leasing which ends with the sale of the asset.
3. Vehicle ownership
The Bank will lease the vehicle to you for an agreed period and rental (Instalment). Subsequently you will undertake to purchase and take ownership of the vehicle upon payment of final instalment.
MORE INFORMATION
The following are the non-exhaustive list of fees and charges. Alternatively, visit any of our branches for further information.
Description / Service |
Charges / Fees* |
|---|---|
i. e-Ownership transaction fee for registration of ownership claim |
RM3.00 |
Stamp Duty for Hire Purchase Agreement |
|
i. Hirer |
RM10.00 |
ii. Guarantor |
RM10.00 per guarantor |
iii. Supplemental Agreement/ Letter of Set-Off/ Charge over Cash Deposit/ Assignment Agreement |
RM10.00 |
Ad-hoc services |
|
i. Duplicate HP agreement/ Duplicate AP Documents/ Invoice/ Insurance Cover Note/ Puspakom report/ Guarantee agreement/ Supplemental agreement/ Letter of Set-off (LOSO)/ Charge Over Cash Deposit |
RM2.00 per page; min RM10.00 |
ii. Duplicate registration card/ vehicle ownership claim (VOC) |
RM2.00 per page; min RM10.00 |
iii. Consent letter to Authorities - transfer of vehicle to East M’sia or vice versa |
RM20.00 per request |
iv. Transfer of vehicle fees (used car) |
|
- Passenger vehicles |
RM150.00/ RM40.00 (E.M.) |
- Commercial vehicles |
RM110.00/ RM40.00 (E.M.) |
v. JPJ Runner fees (used car) |
Up to RM100.00 |
Compensation charges |
For default payment during facility tenure = 1% p.a. on the overdue instalment amount
|
*Subject to government tax, if applicable.
Individual Applicant |
Individual Applicant |
Private Limited / Public Listed |
Sole Proprietor/ Partnership |
|
|---|---|---|---|---|
Acceptable Income Documents |
NRIC |
NRIC |
Certificate of Incorporation |
Business Registration & Form D |
Driving License |
Driving License |
Form 24 & 49 |
Latest 6 months business bank statements |
|
Latest 3 months’ salary slips |
Latest 6 months’ bank statements or savings passbook |
Memorandum and Articles of Association (M&A) |
Business proprietor / partner(s) NRIC |
|
Latest Borang BE (supported by tax payment receipt) |
Latest Borang B (supported with tax payment receipt) |
Latest 6 months business bank statements |
|
|
Latest EPF statement with at least 6 months contribution |
Business Registration & Form D |
Director NIRC |
|
|
Latest 3 months bank statement / saving passbook |
|
|
|
|
Letter of employment |
|
|
|
|
Note:
1. If purchasing a new vehicle - purchase order
2. If purchasing a used vehicle - registration card
Note: Other form of income substantiation may be acceptable on case to case basis
